Theater for the New City Will Ceremonially Burn its Mortgage, 1/26

On Saturday, January 26 from 5:00 PM to 7:00 PM, Theater for the New City will ceremonially burn its mortgage to celebrate becoming debt-free. The gathering, to be attended by elected officials, local activists, artists and celebrities, will include performances and the opening of an art exhibit.

With the "Fiscal Cliff" staring the country in the face, the mortgage payoff was accomplished in a three year push which mobilized over 200 small donors. The mortgage campaign had been initiated with a $30,000 gift from the Peg Santvoord Foundation in 2010. This early money notwithstanding, the completed campaign now testifies to the tremendous support TNC enjoys from its community.

At the mortgage event, the Thunderbird American Indian Dancers will bless TNC's newly-secured permanent home with Native American dance, as they did in 1986 when the theater first moved into the First Avenue Retail Market Building. A plaque will be unveiled that contains the names of all donors--over 200 in number--who contributed toward the effort. Major donors included Gerald Rupp, the Peg Santvoord Foundation, Aviva Spring, Betsy Von Furstenberg, Daniel Rose, Nesbitt Blaisdell. The Peg Santvoord Foundation gave a final $10,000 as a coup de grace.

Coinciding with the mortgage event will be the opening of a retro-spectacle, "TNC: 40 Years of Struggle and Triumph," an art exhibit curated by Peter Ketchum with historical support from Carolyn Ratcliff. It features programs, scripts, and photos of historic TNC productions including plays by Charles Ludlam, Maria Irene Fornes and Sam Shepard.

TNC's mortgage started out at $717,000 in 1987 and the campaign to pay it off took only three years. Last year $21,000 was raised and this year, the final $45,000 was secured. Crystal Field, Executive Artistic Director of TNC, says, "The economic downturn scared us, as did the fact that so many people were losing their homes because of their mortgages. Government grants were going down. It made us realize that Theater for the New City must have a guaranteed home, since we are a home for so many emerging artists: writers, directors, actors and theater companies." Since the demise of the much-loved Charas El Bohillo Arts Center, TNC has become increasingly the cultural center for the East Village.

Crystal Field adds, "TNC lives frugally and is now debt-free. At least we know now that they will never build another Wal-Mart on this site."